0000096289-11-000039.txt : 20111121 0000096289-11-000039.hdr.sgml : 20111121 20111121161535 ACCESSION NUMBER: 0000096289-11-000039 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20111121 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111121 DATE AS OF CHANGE: 20111121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RADIOSHACK CORP CENTRAL INDEX KEY: 0000096289 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RADIO TV & CONSUMER ELECTRONICS STORES [5731] IRS NUMBER: 751047710 STATE OF INCORPORATION: DE FISCAL YEAR END: 0519 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05571 FILM NUMBER: 111219175 BUSINESS ADDRESS: STREET 1: 300 RADIOSHACK CIRCLE CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 817-415-3700 MAIL ADDRESS: STREET 1: 300 RADIOSHACK CIRCLE CITY: FORT WORTH STATE: TX ZIP: 76102 FORMER COMPANY: FORMER CONFORMED NAME: TANDY CORP /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: TANDY LEATHER CO DATE OF NAME CHANGE: 19681216 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN HIDE & LEATHER CO DATE OF NAME CHANGE: 19660825 8-K 1 form8k112111.htm RADIOSHACK CORPORATION FORM 8-K form8k112111.htm


 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 
FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 15, 2011



RADIOSHACK CORPORATION
(Exact name of registrant as specified in its charter)



Delaware
1-5571
75-1047710
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
     
     
300 RadioShack Circle, Mail Stop CF3-203
Fort Worth, Texas
76102
(Address of principal executive offices)
(Zip Code)


Registrant’s telephone number, including area code: (817) 415-3011

_________________________________________________
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
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Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 15, 2011, the Board of Directors of RadioShack Corporation (the “Company”) elected Robert E. Abernathy to the Board of Directors.  The Board of Directors determined that Mr. Abernathy is an independent director under the regulations of the Securities and Exchange Commission and the listing standards of the New York Stock Exchange.

Mr. Abernathy has served as Group President – North Atlantic Consumer Products for Kimberly-Clark Corporation (a global health and hygiene company) since 2008.  He is responsible for Kimberly-Clark’s consumer business in North America and Europe, the related customer development and supply chain organizations, and its Global Nonwovens business.  He joined Kimberly-Clark in 1982, and he has served in various positions, including Group President – Developing and Emerging Markets, Group President – Business-to-Business, Managing Director – Kimberly-Clark Australia Pty. Limited, and Vice President – North American Diaper Operations.  Mr. Abernathy currently serves as a member of the board of directors of Kimberly-Clark de México, S. A. B. de C. V.  He served on the board of directors of The Lubrizol Corporation from April 2006 to September 2011.

There is no arrangement or understanding between Mr. Abernathy and any other persons pursuant to which he was selected as a director, and there are no transactions to which the Company or any of its subsidiaries is a party and in which Mr. Abernathy has a material interest subject to disclosure under Item 404(a) of Regulation S-K.

Mr. Abernathy will be compensated for his service on the Board of Directors pursuant to the compensation program that was approved by the Board of Directors on May 19, 2011 for non-employee directors (the “Program”).  Pursuant to the Program, Mr. Abernathy will receive an annual board retainer fee of $85,000.  He will also receive an initial grant of deferred stock units under the Deferred Stock Unit Plan for Non-Employee Directors (the “DSU Plan”) in an amount equal to the number of shares of the Company’s common stock with a fair market value of $150,000 on the date he attends his first meeting of the Board of Directors.  In addition to the Program, Mr. Abernathy will be eligible to participate in the Company’s Unfunded Deferred Compensation Plan for Directors (the “UDCP Plan”).  Under the UDCP Plan, Mr. Abernathy may elect to defer all or 50% of his annual board retainer fee in the form of cash or common stock units.  The DSU Plan and UDCP Plan are described further in the Company’s proxy statement filed with the Securities and Exchange Commission on April 20, 2011.

A copy of the press release issued by the Company announcing the election of Mr. Abernathy to the Board of Directors is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01  Financial Statements and Exhibits.

(d) Exhibits

99.1           Press Release, dated November 21, 2011.

 
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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


     
RadioShack Corporation
     
(Registrant)
       
Date:  November 21, 2011
   
/s/  James F. Gooch
       James F. Gooch
       President and
       Chief Executive Officer
     
(principal executive officer)


 
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EXHIBIT INDEX
 

 
Exhibit No.                       Description                                                                
99.1                                 Press Release, dated November 21, 2011.
 
 
4


EX-99.1 2 pressrelease.htm EXHIBIT99.1 pressrelease.htm
 

 
                                                                                                    NEWS RELEASE

For immediate release

RadioShack Appoints Robert E. Abernathy to Board of Directors

FORT WORTH, Texas, Nov. 21, 2011 RadioShack Corp. (NYSE: RSH), a leading national retailer of innovative mobile and technology products, services and accessories, today announced that Robert E. Abernathy, 57, has been elected to the Company’s Board of Directors.

Mr. Abernathy is the North Atlantic consumer products group president for Kimberly-Clark Corp., a publicly traded global health and hygiene company, and has served that company in various capacities for almost three decades. Mr. Abernathy’s election expands the Board’s membership from eight to nine directors.

Mr. Abernathy has been group president since 2008, with responsibilities that include oversight of the company’s consumer business in North America and Europe, related customer development and supply chain organizations, and its global nonwovens business. Since joining Kimberly-Clark in 1982, Mr. Abernathy has also served as group president for developing and emerging markets, group president for business-to-business, managing director of Kimberly-Clark Australia Pty. Limited, and vice president of North American diaper operations.

Daniel R. Feehan, non-executive chairman of the board of RadioShack Corp., said, “Robert’s significant and wide-ranging experience managing businesses in the global consumer products sector will provide a highly relevant perspective to our Board. We are very pleased he is joining us, and look forward to his contribution.”
 
Mr. Abernathy earned his bachelor’s degree in chemistry from the University of Alabama in Tuscaloosa, Ala., and his master’s degree from the Institute of Paper Chemistry at Lawrence University in Appleton, Wis. He serves on the boards of Kimberly-Clark de Mexico and the Fox Cities Performing Arts Center in Appleton, Wis.
 
About RadioShack Corporation

RadioShack is a leading national retailer of innovative mobile technology products and services, as well as products related to personal and home technology and power supply needs. The Shack® offers consumers a targeted assortment of wireless phones and other electronic products and services from leading national brands, exclusive private brands and major wireless carriers, all within a comfortable and convenient shopping environment. RadioShack employs approximately 33,000 people globally, including a team of friendly and helpful sales experts who have been recognized for delivering the best customer service in the wireless industry. RadioShack’s retail network includes approximately 4,670 company-operated stores in the United States and Mexico, more than 1,490 wireless phone centers in the United States, and approximately 1,120 dealer and other outlets worldwide. For more information on RadioShack Corp., please visit www.radioshackcorporation.com; to purchase items online, please visit www.radioshack.com. RadioShack® and The Shack® are registered trademarks licensed by RadioShack Corp.

Analysts and investors contact:
Molly R. Salky, vice president of investor relations
817.415.3189 or molly.salky@radioshack.com

Members of the media contact:
Media relations
817.415.3300 or media.relations@radioshack.com

# # #


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